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Embattled Essar Steel Minnesota LLC has proposed a $35 million debtor-in-possession loan to keep its Delaware bankruptcy case afloat, saying on Tuesday that the company will be forced to liquidate its new but unfinished iron ore mine and mill venture ...read more

The Internal Revenue Service stepped further into the Texas bankruptcy proceedings of real estate tycoon brothers found guilty of securities fraud, objecting Tuesday to more than $61 million in creditor claims that would allegedly funnel tax fraud proceeds ...read more

A Delaware bankruptcy judge on Wednesday rejected a push from a group of noteholders to force sides into mediation over complex tax issues they fear could stall the power giant’s Chapter 11 exit, saying that “in no way” would the court ...read more

Alabama Aircraft Industries Inc. asked an Alabama federal court Wednesday to sanction The Boeing Co., alleging it had deliberately destroyed information critical to the bankrupt company's suit accusing it of reneging on a deal to jointly bid on a ...read more

Port trucking company Premium Transportation Services Inc. received court approval Wednesday in Delaware bankruptcy court on its uncontested Chapter 11 plan that will see junior secured lenders receive the equity in the reorganized company and senior ...read more

A lawyer for two bankrupt companies who say Argentina owes them billions of dollars after taking over energy giant YPF SA told a Manhattan federal judge Wednesday he fears being hit with retaliatory criminal charges if forced to pursue the contract breach ...read more

An Australian mining tycoon’s brief attempt to shelter his phosphate holding company in Delaware bankruptcy court, as Indian creditors closed in with an $18.3 million arbitral claim against the firm, ended Wednesday with a judge terminating the ...read more

Three World Law Group affiliates will pay the Consumer Financial Protection Bureau $107 million in a settlement reached Tuesday for allegedly running a debt-relief scheme that cost consumers millions, according to documents filed in Florida federal court ...read more

DLA Piper has opened an office in the Puerto Rican capital of San Juan and hired four finance partners, positioning itself to work on matters arising from the U.S. territory's $70 billion debt crisis, the firm announced on Tuesday. ...read more

The former leaders of bankrupt defense and municipal contractor Lakeshore TolTest Corp. fraudulently induced Gridiron Capital LLC to invest $50 million in their “badly and corruptly run business,” according to a lawsuit the private equity firm filed in ...read more

Luca International Group LLP said Tuesday that it had filed for Chapter 11 protection on Monday and that a Texas federal court had approved restructuring allowing the upstream energy company to pay creditors and create a liquidation trust to resolve other ...read more

Gawker Media chief Nick Denton will likely be forced to file for personal bankruptcy after a New York judge on Tuesday denied the company’s request to temporarily shield him from Hulk Hogan’s $140 million sex tape judgment. ...read more

An investor group seeking the lead role in a proposed securities class action against bankrupt metals recycler Horsehead Holding Corp. in Delaware federal court defended its support Monday for a bankruptcy court probe of underreported equity value, saying ...read more

Netflix Inc. on Monday derided an appeal brief by Relativity Media LLC, telling a New York federal court that the filmmaker is relying on a bankruptcy court's "legally erroneous" finding that it doesn't need to arbitrate a dispute over ...read more

Reorganized oil and gas driller Magnum Hunter Resources Corp. successfully challenged more than $22 million of creditor claims Monday when a Delaware bankruptcy judge said some were duplicative and the company had no liability for the others. ...read more

The Third Circuit on Monday affirmed that the New York City Housing Authority cannot put G-I Holdings Inc., the corporate successor to a manufacturer of housing products, on the hook to remove asbestos-containing material from the city's public housing ...read more

Oil driller Emerald Oil Inc. sued a former executive Monday in Delaware bankruptcy court seeking the return of a $336,000 bonus payment he got in February, saying the employee breached the bonus and retention agreement by keeping the money when he left ...read more

A pension fund wants to represent investors accusing Target Corp. of concealing problems with its expansion into Canada and has tapped Robbins Geller Rudman & Dowd LLP and Labaton Sucharow LLP as its lead counsel choice, according to a motion in Minnesota ...read more

A Ninth Circuit panel on Monday affirmed a California federal court order directing the founder of Yellowstone Mountain Club LLC to pay back two loans and interest totaling $220 million to the resort's bankruptcy trust, agreeing his transfer of liability ...read more

A Wisconsin federal judge has awarded Ameritox Ltd. and Marshfield Clinic Inc. $1.1 million in interest in a urine drug test patent case against Millennium Health LLC, but dismissed a request for attorneys’ fees and held off on deciding enhanced ...read more

A recent decision from a New York federal judge in the Lehman Brothers bankruptcy case departs from precedent in the same case in determining that so-called “flip” provisions in swap agreements are protected by the Bankruptcy Code’s safe harbor provisions ...read more

A California bankruptcy judge issued sanctions Friday requiring a Sacramento lawyer to review electronic filing procedures for employing DocuSign on official documents, saying the computer program can’t be used to replace a handwritten signature ...read more